UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21152
Nuveen Georgia Quality Municipal Income Fund
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, Illinois 60606
(Address of principal executive offices) (Zip code)
Gifford R. Zimmerman
Vice President and Secretary
333 West Wacker Drive, Chicago, Illinois 60606
(Name and address of agent for service)
Registrants telephone number, including area code: 312-917-7700
Date of fiscal year end: May 31
Date of reporting period: August 31, 2017
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Schedule of Investments
Portfolio of Investments | August 31, 2017 (Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 155.5% (99.7% of Total Investments) | ||||||
MUNICIPAL BONDS – 155.5% (99.7% of Total Investments) | ||||||
Education and Civic Organizations – 16.5% (10.6% of Total Investments) | ||||||
$ 700 | Carrollton Payroll Development Authority, Georgia, Student Housing Revenue Bonds, University of West Georgia, Series 2004A, 5.000%, 9/01/21 – SYNCORA GTY Insured | 11/17 at 100.00 | A1 | $702,415 | ||
1,600 | Cobb County Development Authority, Georgia, Revenue Bonds, KSU University II Real Estate Foundation, LLC Project, Series 2011, 5.000%, 7/15/41 – AGM Insured | 7/21 at 100.00 | AA | 1,780,608 | ||
1,340 | Douglas County Development Authority, Georgia, Charter School Revenue Bonds, Brighten Academy Project, Series 2013B, 7.000%, 10/01/43 | 10/23 at 100.00 | N/R | 1,490,884 | ||
625 | Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech Foundation Technology Square Project, Refunding Series 2012A, 5.000%, 11/01/31 | 5/22 at 100.00 | AA+ | 708,637 | ||
3,000 | Fulton County Development Authority, Georgia, Revenue Bonds, Robert W. Woodruff Arts Center, Inc. Project, Refunding Series 2015A, 5.000%, 3/15/36 | 3/26 at 100.00 | A2 | 3,434,400 | ||
1,530 | Gwinnett County Development Authority, Georgia, Revenue Bonds, Georgia Gwinnett College Student Housing Project, Series 2017B, 5.000%, 7/01/37 | 7/27 at 100.00 | A+ | 1,791,691 | ||
3,000 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, Refunding Series 2013A, 5.000%, 10/01/43 | 10/23 at 100.00 | AA+ | 3,468,390 | ||
2,000 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, Refunding Series 2016A, 5.000%, 10/01/46 | 10/26 at 100.00 | AA+ | 2,341,940 | ||
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, Series 2009, Tender Option Bond Trust 2015-XF0073: | ||||||
730 | 15.456%, 9/01/32 (IF) | 9/19 at 100.00 | AA+ | 957,483 | ||
1,150 | 15.480%, 9/01/35 (IF) | 9/19 at 100.00 | AA+ | 1,493,758 | ||
1,325 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Refunding Series 2012C, 5.250%, 10/01/30 | 10/22 at 100.00 | Baa2 | 1,464,059 | ||
1,000 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series 2012A, 5.000%, 10/01/32 | 10/21 at 100.00 | Baa2 | 1,079,890 | ||
3,000 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Savannah College of Art & Design Projects, Series 2014, 5.000%, 4/01/44 | 4/24 at 100.00 | A- | 3,290,190 | ||
21,000 | Total Education and Civic Organizations | 24,004,345 | ||||
Health Care – 18.4% (11.8% of Total Investments) | ||||||
Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center, Series 1998: | ||||||
205 | 5.250%, 12/01/22 (4), (5) | 11/17 at 100.00 | N/R | — | ||
745 | 5.375%, 12/01/28 (4), (5) | 12/17 at 100.00 | N/R | — | ||
715 | Coweta County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc. Project, Series 2010, 5.000%, 6/15/40 | 6/20 at 100.00 | AA- | 780,215 | ||
2,000 | Development Authority of Fulton County Revenue Bonds, Georgia, Piedmont Healthcare, Inc. Project, Series 2016A, 5.000%, 7/01/46 | 7/26 at 100.00 | AA- | 2,271,720 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health System, Inc Project, Series 2017A: | ||||||
$ 1,780 | 5.000%, 4/01/36 | 4/27 at 100.00 | A | $2,055,313 | ||
1,000 | 5.000%, 4/01/37 | 4/27 at 100.00 | A | 1,151,980 | ||
1,485 | 5.000%, 4/01/47 | 4/27 at 100.00 | A | 1,687,005 | ||
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010B: | ||||||
235 | 5.000%, 2/15/33 | 2/20 at 100.00 | AA | 250,877 | ||
235 | 5.125%, 2/15/40 | 2/20 at 100.00 | AA | 250,237 | ||
930 | 5.250%, 2/15/45 | 2/20 at 100.00 | AA | 992,831 | ||
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2017B: | ||||||
3,000 | 5.500%, 2/15/42 | 2/27 at 100.00 | AA | 3,668,760 | ||
5,500 | 5.250%, 2/15/45 | 2/27 at 100.00 | AA | 6,537,080 | ||
1,620 | Greene County Development Authority, Georgia, Health System Revenue Bonds, Catholic Health East Issue, Series 2012, 5.000%, 11/15/37 | 11/22 at 100.00 | AA- | 1,795,592 | ||
Macon-Bibb County Hospital Authority, Georgia, Revenue Anticipation Certificates, Medical Center of Central Georgia Inc., Series 2009: | ||||||
425 | 5.000%, 8/01/32 | 8/19 at 100.00 | AA- | 450,253 | ||
975 | 5.000%, 8/01/35 | 8/19 at 100.00 | AA- | 1,030,848 | ||
1,470 | Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Columbus Regional Healthcare System, Inc. Project, Series 2010, 5.000%, 8/01/21 – AGM Insured | 8/20 at 100.00 | AA | 1,627,525 | ||
2,300 | Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia Medical Center, Series 2007, 5.000%, 10/01/33 | 10/17 at 100.00 | A2 | 2,305,543 | ||
24,620 | Total Health Care | 26,855,779 | ||||
Housing/Multifamily – 0.8% (0.5% of Total Investments) | ||||||
1,205 | Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds, Trestletree Village Apartments, Series 2013A, 4.500%, 11/01/35 | 11/23 at 100.00 | BBB+ | 1,224,400 | ||
Tax Obligation/General – 36.9% (23.6% of Total Investments) | ||||||
3,000 | Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates, Tanner Medical Center, Inc. Project, Series 2015, 5.000%, 7/01/41 | 7/25 at 100.00 | AA | 3,409,230 | ||
2,000 | Chatham County Hospital Authority, Georgia, Seven Mill Tax Pledge Refunding and Improvement Revenue Bonds, Memorial Health University Medical Center, Inc., Series 2012A, 5.000%, 1/01/31 | 1/22 at 100.00 | AA | 2,245,160 | ||
530 | Cherokee County Resource Recovery Development Authority, Georgia, Solid Waste Disposal Revenue Bonds, Ball Ground Recycling LLC Project, Series 2007A, 5.000%, 7/01/37 – AMBAC Insured (Alternative Minimum Tax) | 11/17 at 100.00 | AA+ | 531,479 | ||
1,000 | Cherokee County School System, Georgia, General Obligation Bonds, Series 2017, 5.000%, 2/01/27 | No Opt. Call | AA+ | 1,263,400 | ||
1,725 | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Performing Arts Center, Refunding Series 2013, 5.000%, 1/01/21 | No Opt. Call | AAA | 1,954,270 | ||
2,000 | DeKalb County, Georgia, General Obligation Bonds, Special Transportation, Parks and Greenspace and Libraries Tax District Series 2016, 5.000%, 12/01/27 | 12/26 at 100.00 | Aa3 | 2,490,460 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
East Point Building Authority, Georgia, Revenue Bonds, Water & Sewer Project, Refunding Series 2017: | ||||||
$ 1,000 | 5.000%, 2/01/29 – AGM Insured | 2/27 at 100.00 | AA | $1,211,760 | ||
650 | 5.000%, 2/01/35 – AGM Insured | 2/27 at 100.00 | AA | 764,692 | ||
1,135 | Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical Center, Series 2012B, 5.000%, 7/01/23 | 7/22 at 100.00 | Aa2 | 1,316,373 | ||
2,000 | Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical Center, Series 2016, 5.000%, 7/01/35 | 7/26 at 100.00 | Aa2 | 2,331,920 | ||
3,000 | Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Refunding & Improvement Series 2015, 5.000%, 4/01/44 | 4/25 at 100.00 | AAA | 3,465,780 | ||
3,000 | Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2014A, 5.500%, 8/15/54 | 2/25 at 100.00 | AA | 3,548,040 | ||
10 | Georgia Environmental Loan Acquisition Corporation, Local Government Loan Securitization Bonds, Loan Pool Series 2011, 5.125%, 3/15/31 | 3/21 at 100.00 | Aaa | 10,272 | ||
2,500 | Georgia State, General Obligation Bonds, Refunding Series 2016E, 5.000%, 12/01/27 | 12/26 at 100.00 | AAA | 3,163,575 | ||
3,550 | Georgia State, General Obligation Bonds, Series 2015A, 5.000%, 2/01/28 | 2/25 at 100.00 | AAA | 4,339,236 | ||
3,500 | Gwinnett County School District, Georgia, General Obligation Bonds, Series 2013, 5.000%, 2/01/36 | 2/23 at 100.00 | AAA | 4,083,380 | ||
1,500 | Habersham County Hospital Authority, Georgia, Revenue Anticipation Certificates, Series 2014B, 5.000%, 2/01/37 | 2/24 at 100.00 | Aa3 | 1,687,860 | ||
3,000 | Henry County School District, Georgia, General Obligation Bonds, Series 2016, 5.000%, 8/01/27 | 8/26 at 100.00 | AA+ | 3,750,420 | ||
Liberty County Industrial Authority, Georgia, Revenue Bonds, Series 2014: | ||||||
302 | 5.500%, 7/15/23 | 7/21 at 100.00 | N/R | 305,916 | ||
601 | 5.500%, 7/15/30 | 7/21 at 100.00 | N/R | 607,429 | ||
659 | 5.500%, 1/15/36 | 7/21 at 100.00 | N/R | 666,649 | ||
3,000 | Sandy Springs Public Facilities Authority, Georgia, Revenue Bonds, Sandy Springs City Center Project, Series 2015, 5.000%, 5/01/47 | 5/26 at 100.00 | Aaa | 3,479,610 | ||
2,260 | Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia Medical Center Project, Series 2011B, 5.000%, 10/01/41 | 10/21 at 100.00 | Aa2 | 2,464,214 | ||
Vidalia School District, Toombs County, Georgia, General Obligation Bonds, Series 2016: | ||||||
1,000 | 5.000%, 8/01/30 | 2/26 at 100.00 | Aa1 | 1,205,240 | ||
1,035 | 5.000%, 8/01/31 | 2/26 at 100.00 | Aa1 | 1,240,706 | ||
2,000 | Winder-Barrow Industrial Building Authority, Georgia, Revenue Bonds, City of Winder Project, Refunding Series 2012, 5.000%, 12/01/29 – AGM Insured | 12/21 at 100.00 | A1 | 2,224,740 | ||
45,957 | Total Tax Obligation/General | 53,761,811 | ||||
Tax Obligation/Limited – 21.4% (13.7% of Total Investments) | ||||||
Atlanta and Fulton County Recreation Authority, Georgia, Revenue Bonds, Zoo Atlanta Parking Facility Project, Series 2017: | ||||||
1,180 | 5.000%, 12/01/34 | 12/27 at 100.00 | AA+ | 1,432,154 | ||
1,260 | 5.000%, 12/01/36 | 12/27 at 100.00 | AA+ | 1,519,182 | ||
3,250 | Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project, Senior Lien Series 2015A-1, 5.250%, 7/01/44 | 7/25 at 100.00 | Aa3 | 3,784,105 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
Atlanta Urban Redevelopment Agency, Georgia, Revenue Bonds, Downtown Parking Deck Project, Series 2017: | ||||||
$ 1,220 | 5.000%, 12/01/28 | 12/27 at 100.00 | Aa1 | $1,533,906 | ||
1,230 | 5.000%, 12/01/29 | 12/27 at 100.00 | Aa1 | 1,532,408 | ||
Atlanta, Georgia, Tax Allocation Bonds Atlanta Station Project, Refunding Series 2007: | ||||||
110 | 5.250%, 12/01/19 – AGC Insured | 12/17 at 100.00 | AA | 111,137 | ||
350 | 5.250%, 12/01/20 | 12/17 at 100.00 | AA | 353,619 | ||
80 | 5.250%, 12/01/21 – AGC Insured | 12/17 at 100.00 | AA | 80,810 | ||
1,080 | 5.000%, 12/01/23 – AGC Insured | 12/17 at 100.00 | AA | 1,089,742 | ||
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project, Series 2016D: | ||||||
1,200 | 5.000%, 1/01/30 | 1/27 at 100.00 | A2 | 1,417,632 | ||
1,525 | 5.000%, 1/01/31 | 1/27 at 100.00 | A2 | 1,789,252 | ||
725 | Atlanta, Georgia, Tax Allocation Bonds, Perry Bolton Project Series 2014, 5.000%, 7/01/41 | 7/23 at 100.00 | A- | 794,716 | ||
Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series 1993: | ||||||
170 | 5.500%, 10/01/18 – NPFG Insured | No Opt. Call | A | 172,552 | ||
5,745 | 5.625%, 10/01/26 – NPFG Insured | 10/19 at 100.00 | A | 6,674,713 | ||
405 | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series 2005, 5.500%, 10/01/26 – NPFG Insured | No Opt. Call | A+ | 480,885 | ||
3,020 | Georgia Local Governments, Certificates of Participation, Georgia Municipal Association, Series 1998A, 4.750%, 6/01/28 – NPFG Insured | No Opt. Call | A | 3,322,211 | ||
Georgia Municipal Association Inc., Certificates of Participation, Riverdale Public Purpose Project, Series 2009: | ||||||
905 | 5.375%, 5/01/32 – AGC Insured | 5/19 at 100.00 | AA | 963,065 | ||
1,165 | 5.500%, 5/01/38 – AGC Insured | 5/19 at 100.00 | AA | 1,242,134 | ||
700 | Georgia State Road and Tollway Authority, Federal Highway Grant Anticipation Revenue Bonds, Series 20017A-1, 5.000%, 6/01/29 | 6/27 at 100.00 | AA | 859,467 | ||
1,000 | Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Third Indenture, Series 2015B, 5.000%, 7/01/41 | 7/26 at 100.00 | AA+ | 1,171,070 | ||
810 | Tift County Hospital Authority, Georgia, Revenue Anticipation Certificates Series 2012, 5.000%, 12/01/38 | 12/22 at 100.00 | Aa2 | 911,145 | ||
27,130 | Total Tax Obligation/Limited | 31,235,905 | ||||
Transportation – 11.5% (7.4% of Total Investments) | ||||||
2,000 | Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2011B, 5.000%, 1/01/30 (Alternative Minimum Tax) | 1/21 at 100.00 | AA- | 2,207,480 | ||
2,000 | Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2012B, 5.000%, 1/01/31 | 1/22 at 100.00 | AA- | 2,265,600 | ||
2,810 | Atlanta, Georgia, Airport General Revenue Bonds, Series 2012C, 5.000%, 1/01/42 (Alternative Minimum Tax) | 1/22 at 100.00 | AA- | 3,060,512 | ||
Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Refunding Subordinate Lien Series 2014A: | ||||||
2,575 | 5.000%, 1/01/32 | 1/24 at 100.00 | AA- | 3,044,088 | ||
3,750 | 5.000%, 1/01/34 | 1/24 at 100.00 | AA- | 4,403,812 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Transportation (continued) | ||||||
$ 1,500 | Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air Lines, Inc. Project, Series 2009A, 8.750%, 6/01/29 | 6/20 at 100.00 | Baa3 | $ 1,749,165 | ||
14,635 | Total Transportation | 16,730,657 | ||||
U.S. Guaranteed – 21.3% (13.7% of Total Investments) (6) | ||||||
1,760 | Athens Housing Authority, Georgia, Student Housing Lease Revenue Bonds, UGAREF East Campus Housing LLC Project, Series 2009, 5.250%, 6/15/35 (Pre-refunded 6/15/19) | 6/19 at 100.00 | Aa2 (6) | 1,898,547 | ||
1,500 | Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008B. Remarketed, 7.375%, 1/01/31 (Pre-refunded 1/01/19) | 1/19 at 100.00 | A2 (6) | 1,629,675 | ||
265 | Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008C. Remarketed, 7.500%, 1/01/31 (Pre-refunded 1/01/19) | 1/19 at 100.00 | A2 (6) | 286,301 | ||
5,100 | Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2001, 5.000%, 8/01/35 (Pre-refunded 8/01/18) – AGM Insured | 8/18 at 100.00 | AA (6) | 5,298,084 | ||
600 | Clarke County Hospital Authority, Georgia, Hospital Revenue Certificates, Athens Regional Medical Center, Series 2012, 5.000%, 1/01/32 (Pre-refunded 1/01/22) | 1/22 at 100.00 | Aa1 (6) | 699,024 | ||
Coweta County Water and Sewer Authority, Georgia, Revenue Bonds, Series 2007: | ||||||
1,000 | 5.000%, 6/01/32 (Pre-refunded 6/01/18) | 6/18 at 100.00 | Aa2 (6) | 1,031,840 | ||
275 | 5.000%, 6/01/37 (Pre-refunded 6/01/18) | 6/18 at 100.00 | N/R (6) | 283,756 | ||
1,725 | 5.000%, 6/01/37 (Pre-refunded 6/01/18) | 6/18 at 100.00 | Aa2 (6) | 1,779,924 | ||
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010B: | ||||||
765 | 5.000%, 2/15/33 (Pre-refunded 2/15/20) | 2/20 at 100.00 | N/R (6) | 839,924 | ||
765 | 5.125%, 2/15/40 (Pre-refunded 2/15/20) | 2/20 at 100.00 | N/R (6) | 842,234 | ||
3,015 | 5.250%, 2/15/45 (Pre-refunded 2/15/20) | 2/20 at 100.00 | N/R (6) | 3,328,530 | ||
Georgia Higher Education Facilities Authority, Revenue Bonds, USG Real Estate Foundation I LLC Project, Series 2008: | ||||||
25 | 6.000%, 6/15/28 (Pre-refunded 6/15/18) | 6/18 at 100.00 | AA (6) | 26,038 | ||
125 | 6.000%, 6/15/28 (Pre-refunded 6/15/18) | 6/18 at 100.00 | AA (6) | 130,189 | ||
1,000 | Georgia State, General Obligation Bonds, Series 2009B, 5.000%, 1/01/26 (Pre-refunded 1/01/19) | 1/19 at 100.00 | AAA | 1,055,310 | ||
4,900 | Gwinnett County School District, Georgia, General Obligation Bonds, Series 2008, 5.000%, 2/01/36 (Pre-refunded 2/01/18) (UB) | 2/18 at 100.00 | AAA | 4,986,485 | ||
2,540 | Houston County Hospital Authority, Georgia, Revenue Bonds, Houston Healthcare Project, Series 2007, 5.250%, 10/01/35 (Pre-refunded 10/01/17) | 10/17 at 100.00 | A+ (6) | 2,549,601 | ||
445 | La Grange-Troup County Hospital Authority, Georgia, Revenue Anticipation Certificates, Series 2008A, 5.500%, 7/01/38 (Pre-refunded 7/01/18) | 7/18 at 100.00 | Aa2 (6) | 462,600 | ||
825 | Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Refunding Series 1992P, 6.250%, 7/01/20 – AMBAC Insured (ETM) | No Opt. Call | Aa1 (6) | 900,306 | ||
1,000 | Unified Government of Athens-Clarke County, Georgia, Water and Sewerage Revenue Bonds, Series 2008, 5.500%, 1/01/38 (Pre-refunded 1/01/19) | 1/19 at 100.00 | Aa1 (6) | 1,061,650 | ||
Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, Oconee-Hard Creek Reservoir Project, Series 2008: | ||||||
1,280 | 5.000%, 2/01/38 (Pre-refunded 2/01/18) – AGM Insured | 2/18 at 100.00 | A2 (6) | 1,302,873 | ||
695 | 5.000%, 2/01/38 (Pre-refunded 2/01/18) – AGM Insured | 2/18 at 100.00 | A2 (6) | 707,420 | ||
29,605 | Total U.S. Guaranteed | 31,100,311 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utilities – 13.3% (8.5% of Total Investments) | ||||||
$ 3,000 | Georgia Municipal Electric Authority, General Power Revenue Bonds, Series 2012GG, 5.000%, 1/01/43 | 1/23 at 100.00 | A+ | $3,290,460 | ||
1,005 | Georgia Municipal Electric Authority, Project One Revenue Bonds, Subordinated Series 2007A-2, 5.000%, 1/01/25 | 11/17 at 100.00 | A+ | 1,008,266 | ||
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B: | ||||||
1,055 | 5.000%, 3/15/20 | No Opt. Call | A | 1,134,589 | ||
1,300 | 5.000%, 3/15/21 | No Opt. Call | A | 1,420,016 | ||
1,500 | 5.000%, 3/15/22 | No Opt. Call | A | 1,670,850 | ||
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2007A: | ||||||
350 | 5.125%, 9/15/17 | No Opt. Call | A | 350,557 | ||
950 | 5.000%, 3/15/18 | No Opt. Call | A+ | 970,311 | ||
2,000 | 5.000%, 3/15/22 | No Opt. Call | A+ | 2,273,040 | ||
1,500 | Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2015A, 0.000%, 1/01/32 | No Opt. Call | A+ | 965,700 | ||
Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2016A: | ||||||
3,000 | 5.000%, 1/01/28 | 7/26 at 100.00 | A+ | 3,580,560 | ||
2,260 | 5.000%, 1/01/30 – BAM Insured | 7/26 at 100.00 | AA | 2,681,626 | ||
17,920 | Total Utilities | 19,345,975 | ||||
Water and Sewer – 15.4% (9.9% of Total Investments) | ||||||
260 | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.750%, 11/01/30 – AGM Insured | No Opt. Call | AA | 357,997 | ||
5 | Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2001, 5.000%, 8/01/35 – AGM Insured | 8/18 at 100.00 | AA | 5,178 | ||
500 | Columbus, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2014A, 5.000%, 5/01/31 | 5/24 at 100.00 | AA+ | 595,235 | ||
500 | Columbus, Georgia, Water and Sewerage Revenue Bonds, Series 2016, 5.000%, 5/01/36 | 5/26 at 100.00 | AA+ | 592,560 | ||
DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2006B: | ||||||
6,000 | 5.250%, 10/01/32 – AGM Insured | 10/26 at 100.00 | AA | 7,443,360 | ||
300 | 5.000%, 10/01/35 – AGM Insured | 10/26 at 100.00 | AA | 358,716 | ||
5,350 | DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Second Resolution Series 2011A, 5.250%, 10/01/41 | 10/21 at 100.00 | Aa3 | 6,103,440 | ||
1,000 | Fulton County, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2013, 5.000%, 1/01/33 | 1/23 at 100.00 | AA | 1,146,660 | ||
1,000 | Milledgeville, Georgia, Water and Sewerage Revenue Refunding Bonds, Series 1996, 6.000%, 12/01/21 – AGM Insured | No Opt. Call | AA | 1,095,160 | ||
2,000 | South Fulton Municipal Regional Water and Sewer Authority, Georgia, Revenue Bonds, Refunding Series 2014, 5.000%, 1/01/30 | 1/24 at 100.00 | AA | 2,316,500 | ||
2,315 | Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, Oconee-Hard Creek Reservoir Project, Series 2016, 4.000%, 2/01/38 | 2/26 at 100.00 | Aa2 | 2,484,227 | ||
19,230 | Total Water and Sewer | 22,499,033 | ||||
$ 201,302 | Total Long-Term Investments (cost $216,115,096) | 226,758,216 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 0.4% (0.3% of Total Investments) | ||||||
MUNICIPAL BONDS – 0.4% (0.3% of Total Investments) | ||||||
Health Care – 0.4% (0.3% of Total Investments) | ||||||
$ 665 | Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center, Series 2016, 6.500%, 4/30/17 (4), (5) | No Opt. Call | N/R | $ 609,736 | ||
$ 665 | Total Short-Term Investments (cost $665,000) | 609,736 | ||||
Total Investments (cost $216,780,096) – 155.9% | 227,367,952 | |||||
Floating Rate Obligations – (2.2)% | (3,245,000) | |||||
Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (56.2)% (7) | (81,986,575) | |||||
Other Assets Less Liabilities – 2.5% | 3,668,286 | |||||
Net Asset Applicable to Common Shares – 100% | $ 145,804,663 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $226,758,216 | $ — | $226,758,216 |
Short-Term Investments: | ||||
Municipal Bonds | — | — | 609,736 | 609,736 |
Total | $ — | $226,758,216 | $609,736 | $227,367,952 |
Gross unrealized: | |
Appreciation | $11,836,149 |
Depreciation | (1,155,617) |
Net unrealized appreciation (depreciation) of investments | $10,680,532 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating.This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(4) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. | |
(5) | As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund’s records. | |
(6) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. | |
(7) | Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 36.1%. | |
ETM | Escrowed to maturity. | |
IF | Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rates, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust. | |
UB | Underlying bond of an inverse floating rate trust reflected as a financing transaction. |
Item 2. Controls and Procedures.
a. | The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
b. | There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. |
Item 3. Exhibits.
File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) | Nuveen Georgia Quality Municipal Income Fund | |||
By (Signature and Title) | /s/ Gifford R. Zimmerman | |||
Gifford R. Zimmerman | ||||
Vice President and Secretary |
Date: October 30, 2017
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Cedric H. Antosiewicz | |||
Cedric H. Antosiewicz | ||||
Chief Administrative Officer (principal executive officer) | ||||
Date: October 30, 2017 | ||||
By (Signature and Title) | /s/ Stephen D. Foy | |||
Stephen D. Foy | ||||
Vice President and Controller (principal financial officer) | ||||
Date: October 30, 2017 |